10A NCAC 22G .0303. REQUIREMENTS FOR FINANCIAL RECORDS

Each provider shall maintain facility specific financial records which reflect all expenditures incurred and revenues earned related to its ICF‑MR services in the Medicaid Program.  In addition, the financial records shall properly and clearly reflect all other sources of funds available to the facility's Medicaid ICF‑MR program.

(1)           Such financial records shall provide clear and precise justification and support for entries included in the cost report, and included in related budgets.

(2)           The financial records shall include at a minimum separate accounts for each type of expense, revenue, and other funding resources included in the annual cost report.  All items on the cost report shall be supported by clear and precise financial records.  Cost reports that fail this requirement are deemed to be improperly filed and subject to the provisions under this Rule related to the failure to file said reports.

(3)           Effective July 1, 1993, property ownership and use, housekeeping, and operation and maintenance of plant costs related to day treatment services shall be separately accounted for on the provider's books and records.  Said costs should be reported separately as direct care costs on the 1994 cost report, consistent with guidelines established by the Division of Medical Assistance.

 

History Note:        Filed as a Temporary Amendment Eff. July 8, 1993, for a period of 180 days or until the permanent rule becomes effective, whichever is sooner;

Filed as a Temporary Amendment Eff. July 1, 1992 for a period of 180 days to expire on

December 31, 1992;

Authority G.S. 108A‑25(b); 108A‑54; 108A‑55; S.L. 1985, c. 479, s. 86; 42 C.F.R. Part 447, Subpart C;

Eff. January 1, 1982;

Amended Eff. November 1, 1993; January 4, 1993; January 1, 1993; December 1, 1989.